About Red Cat Holdings, Inc. - Common Stock (RCAT)
Red Cat Holdings Inc is a technology company that focuses on the development and integration of drone technology and data solutions for various applications. The company aims to provide innovative products and services that enhance operational efficiency and data collection capabilities across several industries, including defense, commercial, and recreational sectors. With a commitment to leveraging advanced drone technology, Red Cat Holdings seeks to support customers in maximizing their operational effectiveness while ensuring compliance with evolving regulations in the drone ecosystem. Read More
Stay up-to-date with the latest market trends one hour before the close of the markets on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Red Cat Holdings Inc (NASDAQ:RCAT) shares are moving lower Thursday after the company announced a $30 million registered direct offering of its common stock.
PALM BEACH, Fla., April 10, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Commercial Drones are remotely piloted, optionally piloted, or fully autonomous aerial vehicles that play a significant role in the commercial sectors. They are commonly termed drones and are mostly known for their wide usage in various functions, such as Surveying & Mapping, Inspection & Monitoring among others. These vehicles are also used for mapping, surveying, and determining the weather conditions of a specific area. Drones are being increasingly adopted in industries such as agriculture for crop monitoring, in construction for site inspection, in energy for inspecting power lines among others. The versatility of drones to perform various tasks efficiently is driving their adoption. A report from MarketsAndMarkets said that the Commercial Drone market is projected to grow from USD 5.32 billion in 2024 to USD 9.34 Billion by 2030, at a CAGR of 11.2% from 2024 to 2030. The report said: “As drone technology advances, regulatory bodies globally are proactively shaping clearer and more supportive regulations to facilitate drone operations. This strategic initiative aims to lower operational barriers and enhance safety, thereby accelerating the adoption of drones across various sectors. Enhanced regulatory frameworks are anticipated to unlock significant business opportunities and drive innovation in drone applications.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), EHang Holdings Limited (NASDAQ: EH).
Red Cat recorded a net loss of $0.57 per share on $4.9 million in revenue for the final eight months of 2024, with 2025 revenue guidance of $80 million to $120 million.
PALM BEACH, Fla., April 03, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The US Drone Surveying Market has been the Global Market Leader in recent years and is expected to continue for years to come. The US has been the market leader in the drone industry since the start of the drone revolution. Across industries, companies have employed drones for their day-to-day operations. Industries such as pharmaceuticals, mining, real estate, and agriculture are some of the prominent end-use industries for the drone surveying market. According to an industry report, the US drone surveying market is expected to witness double-digit market growth in the forecast period and is expected to reach a valuation of US$ 2540.0 million by the end of 2033. The construction and mining industry is expected to be the market leader in the demand for drone surveying services. Increased spending from governments and rising demand for residential and commercial spaces would add a significantly high pace to the overall drone surveying demand in the US. The report said; “Why Land Survey Commands Largest Market Share? The drone land survey as a service is a common one among all industries. The demand for land surveys arises from sectors such as construction, mining, energy, real estate, public administration, and agriculture among others. That is why land survey services contribute most to the drone survey company’s revenue. The drone land survey holds around 53% of the total market share in the drone survey industry. With the help of drone land surveys, companies/institutions get their desired datasets which ultimately help them in making informed decisions. For example, a land survey for infrastructure development can help companies and planning and development by providing required 3D maps or images. It is expected that the land survey market to remain the top revenue contributor for drone survey service providers.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Archer Aviation Inc. (NYSE: ACHR), Palantir Technologies Inc. (NASDAQ: PLTR), EHang (NASDAQ: EH), Red Cat Holdings, Inc. (NASDAQ: RCAT).
NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Dave, Inc. (NASDAQ: DAVE), Red Cat Holdings, Inc. (NASDAQ: RCAT), Perpetua Resources Corp. (NASDAQ:PPTA), and Voyager Therapeutics, Inc. (NASDAQ:VYGR). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
The new Warp Speed customers announced at the conference include defense technology companies Epirus, Red Cat Holding, Saildrone, Saronic, SNC, and Ursa Major.
PALM BEACH, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The business use cases of commercial drones have expanded significantly over the past few years. They are being increasingly adopted in the construction and real estate sectors due to their ability to survey the property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have instigated the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, tracking out elevated infrastructure that might have damaged electrical cables, etc. A recent report from Grand View Research said that: “The global commercial drone market size was estimated at USD 30.02 billion in 2024 and is expected to grow at a CAGR of 10.6% from 2025 to 2030. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets used for various applications, including filming and emergency response. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone market.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AeroVironment, Inc. (NASDAQ: AVAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Red Cat Holdings, Inc. (NASDAQ: RCAT), Draganfly Inc. (NASDAQ: DPRO).
PALM BEACH, Fla. , March 06, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Shifting governmental policies are benefiting U.S. Drone Manufactures. AUVSI, an industry insider reported: “Programs focused on U.S.-made drone acquisition incentives, specifically grants, would signal to investors the market opportunity for U.S. drones, stimulating investment into U.S. drone and component manufacturing. According to a 2019 survey by Droneresponders, 92% of first responders in the U.S. are using drones made by China. This is a direct consequence of China subsidizing the drones, driving down costs, and a program to donate DJI drones to first responders. The Droneresponders survey also noted that 88% of first responder agencies would prefer to use U.S. drones; however, cost is a major factor in being able to transition away from the subsidized Chinese drones to market-based U.S. drones. U.S. Department of Transportation (DOT) programs that enable the use of drones for infrastructure inspection, such as the Every Day Counts (EDC) program, should incentivize the use of U.S. manufactured drones. It said that Congress should enact a new program designed to help industrial inspection companies engaged in critical infrastructure inspection transition from using Chinese drones to U.S.-made programs, which could reflect, in part, the Supply Chain Reimbursement Program as mentioned above for first responders.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS), L3Harris Technologies (NYSE: LHX), Unusual Machines (NYSE: UMAC).
